Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Ryan H.
  • Flipper
  • Venice, CA
0
Votes |
3
Posts

pricing my brooklyn property

Ryan H.
  • Flipper
  • Venice, CA
Posted

I am not sure how to price the building that I want to list in borough park-kensington area.  The lot is 20x100 building is 20x70 2 stories and basement. 1st floor store front and basement (currently rented at 3500 should be 5500plus comps show) 2nd floor a 1bd + 2bd apt (rent roll is 2500 under market should be 3500+). Taxes are 5g. All spaces have no lease can be delivered vacant. So at those calculations I come up with at 2.5m its cap is 4.5%.  That is not including the value of it being zoned R6 and can go up 2 more stories like every other building in neighborhood has.  The question that I am wondering is the what is the value if any added for future add on development for the 2 stories?  With not many property comps available at moment with area I don't want to short change myself or overprice I need gone asap. Thanks for your time

Loading replies...